US Gross National Debt Jumps by $1.2 Trillion in Fiscal 2019, to $22.7 Trillion, Hits 106.5% of GDP
But what happens if there’s actually a recession?The US gross national debt jumped by $110 billion on the last two business days of Fiscal Year 2019, and by a breath-taking $1.2 trillion during the entire fiscal year, after having already jumped by $1.27 trillion in Fiscal 2018, the Treasury Department reported today.
This ballooned the US gross national debt to a vertigo-inducing $22.72 trillion.These beautiful trillions whipping by are a joy to behold: so much action in so little time. The flat spots in the chart below are the results of the debt-ceiling charade in Congress. When the debt ceiling is lifted, the debt spikes back to trend, and nothing changed:
https://wolfstreet.com/2019/10/01/us-gross-national-debt-jumps-by-1-2-trillion-in-fiscal-2019-to-22-7-trillion-106-5-of-gdp/
- Forums
- Commodities
- GOLD
- gold
gold, page-56507
-
-
- There are more pages in this discussion • 72,440 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online